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I use IB and generally find confirmations on order placement (including
shorts) and cancellations to be instantaneous. I do note, however, that with
some less heavily traded stocks, as well as with some options, that
confirmations can take a couple of seconds. I suspect that this may be due
to the exchange handling rather than IB.
Earl
----- Original Message -----
From: "ketayun" <ketayun@xxxxxxxxxxxxx>
To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, February 19, 2003 3:20 PM
Subject: [RT] Interactive Brokers vs MBtrading
> Hi,
>
> I wonder if someone would please care to comment on their experience of
> IB or MBT? I have opened an account with both and just funded MBT. On
> trading the SPY's using isi, I found that even though I got a fill on a
> limit order, what happened was that it got filled when the stock was
> trending in the opposite direction, and I was not able to cancel the
> order in time to stop that fill.
>
> Their software is simple and the customer service excellent but this
> problem is expensive. Would appreciate comments from other traders using
> these or other brokers.
>
> Thanks and Good Trading,
>
> Kate
>
>
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